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Oriental Bank of Commerce Indore

Oriental Bank of Commerce made a beginning under its Founding Father, Late Rai Bahadur Lal, the first Chairman of the Bank.Unfortunately, within few years of its operationalisation, the Bank had to face partition. The Bank has seen many ups and downs since its establishment. The period of 1970-75 is said to be the most challenging .At one time profit plummeted to INR 176, that prompted the owner of the bank, to close the bank.

The employees and leaders of the Bank came forward to rescue the Bank. The owners had to change their decision due to insistence of employees and owners and they decided to improve the position of the bank with the active cooperation and support of all the employees. Their efforts paid and performance of the bank improvedsignificantly. This was the turning point in the history of the bank.

Oriental Bank of Commerce

The bank was nationalised on 14 April 1980. At that time total working of the bank was INR480 crores having 18th position among the 23 nationalised banks. Within a decade's period the bank turned into one of the most efficient and best performing banks of India.The bank crossed the Business Mix mark of INR2.5 lac crores as on 30 March 2010 making it the sixth largest Public Sector Bank in India, achievement of 100% CBS, reorienting of lending strategy through Large & Mid Corporates and establishment of new wings like, Rural Development and RetailSector.

The Bank has to its utmost credit lowest staff cost with highest productivity in the Indian banking industry.The bank offers latest features such as internet banking, phone banking NRI banking etc. The Bank has launched another people's participation in the planning process at grass root level essentially to tackle the maladies of poverty.

The GrameenProjects aims to alleviate poverty plus identify the reasons responsible for the failure or success. Formulated on the pattern of the Bangladesh Grameen Bank, the Schemes have a unique feature of disbursing small loans ranging from INR75 (~US $1.5) onwards. This has reformed lives of rural folk and encouraging cottage industries in rural areas.

Indore has number of branches of Oriental Bank of Commerce.

Quick facts - Oriental Bank of Commerce in Indore

Branch Working and Timings

Monday to Friday : 11:00 AM - 3:00PM
Saturday: 11:00AM - 1:00AM

Common Set of Services Offered

  • Banking Operations
  • Loans
  • Internet Banking
  • Demat
  • PPF account
  • Visa Bill Pay
  • Online donations
  • E-tax pay
  • Mobile banking
  • Utility bill payment

List of OBC Branches in Indore

Indore- RNT Marg

12/2 RNT Marg,Chetak Centre,
Indore,Madhya Pradesh
Contact No- 0731-2527698
IFSC Code-ORBC0100183

Indore- Mhow

393, A.B.Road, Mhow, Indore
Madhya Pradesh
IFSC Code- ORBC0100199

Indore- Sneh Nagar

95 - A, Scheme No.47
Sneh Nagar, Indore, Madhya Pradesh
Contact No- 0731-4090928
IFSC Code- ORBC0100623

Indore-Scheme No-54

BF - 34, Scheme No-54, Indore, Madhya Pradesh
Contact No-0731-4009675
IFSC Code- ORBC0100788

Indore - Sudama Nagar

83 - A, Sudama Nagar
Indore, Madhya Pradesh
Contact No-0731-2480771
IFSC Code- ORBC0100884

Indore- SGSITS

Y N Road, Indore, Madhya Pradesh
Conactt No-0731-2541034
IFSC Code-ORBC0100911

Indore- A B Road

Nikita Apartment,Plot No.3,R K Puram Colony
Adjoining Amaltas Hotel
A B Road, Indore, Madhya Pradesh
Contact No- 9425343720
IFSC Code-ORBC0101305

Indore- Goyal Nagar

Simran Regency,108,Sarv Suvidha
Nagar,Indore,Madhya Pradesh
IFSC Code-ORBC0101631

Indore- Kathiwala tank

R-202, Khathiwala Tank, Indore
Madhya Pradesh
IFSC Code- ORBC0101651

Indore- Jakhiya

Oriental University Campus Sanwer Road
Indore,Madhya Pradesh
Contact No-0731-2553517

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